Stocks are hitting record highs right now. All three major indexes surged this week following Fed Chair Jerome Powell’s strong rate cut signals. But even at these elevated levels, it’s still possible to find stocks with significant upside potential for the months ahead. Goldman Sachs analyst Heath Terry has a top-notch reputation when it comes to stock picking.
One stock that Terry believes has more upside is Netflix. After a monster first quarter, Netflix has been stuck in the mud. However, here is what Heath had to say about Netflix.
Streaming giant Netflix is another top stock on Terry’s buy list. With a $460 price target, the analyst is forecasting 23% upside potential for shares.
"We continue to believe Netflix’s investment in content, technology and distribution will continue to drive subscriber growth well above consensus expectations both in the U.S. and internationally," Terry told investors earlier this year when he added the stock to the firm's Conviction list.
The market makers are pricing in a $25 move in either direction after earnings later this week. Regardless, the potential levels to pay attention to are the daily supply at $402 and the daily demand at $313.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.